India

Securities / Derivatives

SEBI Allows Full NRI, OCI Participation in GIFT City FPIs

By Ajoy K Das | 28/06/2024

New rule to boost FPI investment in IFSC allows 100 percent aggregate contributions from NRIs, OCIs and RIs.

Capital / Liquidity

RBI Revises Framework for Currency Swap With SAARC Countries

By Ajoy K Das | 28/06/2024

The new window under this framework offers concessions to support swap in Indian rupees. The total corpus for this support amounts to USD 3 billion.

Securities / Derivatives

SEBI Offers Flexibility in Trading Plan Norms for Insiders

By Ajoy K Das | 28/06/2024

The regulator has reduced the cooling-off period between disclosure and implementation of trading plan from six to four months.

Market Infrastructure

SEBI Revises Oversight Framework for Stock Exchanges

By Ajoy K Das | 26/06/2024

The new framework aims to enhance governance by clearly defining the structure and responsibilities of various statutory committees.

Securities / Derivatives

India Mulls Higher Tax for Derivatives to Deter Retail Investors

By Ajoy K Das | 25/06/2024

Proposals include a tax that would be deducted at source and a 30 percent capital gains tax, like what was introduced for crypto.

Capital / Liquidity

RBI Revises Priority Sector Lending Guidelines for Banks

By Ajoy K Das | 24/06/2024

The revisions aim to encourage banks to incentivise lending in underserved areas and discourage lending in districts with already high loan sizes.

Securities / Derivatives

SEBI Tightens Norms for IPO Price Discovery Process

By Ajoy K Das | 24/06/2024

The order entry window of the pre-open call auction session for IPOs will end randomly during the last ten minutes.

Fintech / Regtech

Indian Banks Delayed in Joining Bharat Bill Pay System

By Ajoy K Das | 21/06/2024

Several major banks have not yet gone live on the BBPS despite a 30 June deadline for credit card payments to be processed on the interface.

AML / KYC

India FIU Imposes $2.25m Penalty on Crypto Exchange Binance

By Editors | 21/06/2024

Binance will pay the penalty as part of a push to re-enter the Indian market after its website and app were blocked in the country around six months ago.